Deutsche Bank Reiterates Buy on Macy’s (M)
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup (NYSE: C) reiterated a “buy” rating on shares of Macy’s in a research note to investors on Wednesday, April 11st. They now have a $48.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Macy’s from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, April 11st. They now have a $40.00 price target on the stock. Finally, analysts at UBS AG (NYSE: UBS) initiated coverage on shares of Macy’s in a research note to investors on Wednesday, April 11st. They set a “neutral” rating and a $43.00 price target on the stock.
Shares of Macy’s opened at 38.05 on Wednesday. Macy’s has a 52 week low of $22.66 and a 52 week high of $42.17. The company has a market cap of $15.851 billion and a P/E ratio of 13.03.
Macy’s last issued its quarterly earnings data on Wednesday, May 9th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.04. Macy’s’s revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that Macy’s will post $0.31 earnings per share next quarter.
Macy’s, Inc. (Macy’s) is a retail organization operating stores and Internet Websites under two brands (Macy’s and Bloomingdale’s) that sell a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico.